July 20, 2018 H1 2018 RESULTS - faurecia.com©sultats... · and 13% of Group sales They continued...

H1 2018 RESULTS Continued improvement in performance

Upgraded full-year guidance

July 20, 2018

The 2018 half-year consolidated financial statements have been approved by the Board of

Directors at its meeting held on July 19, 2018, under the chairmanship of Michel de Rosen.

These financial statements have been subject to a limited review by external auditors.

Operating income presented as Faurecia’s main performance indicator is Operating income before amortization of intangible assets acquired in business combinations.

2

Agenda

H1 2018 highlights 1

Review of H1 2018 Results 2

Upgraded FY2018 guidance 3

Patrick Koller

Chief Executive Officer

Michel Favre

Chief Financial Officer

Patrick Koller


H1 2018 results - July 20, 2018

3

H1 2018 Highlights

Double-digit growth in sales and operating income

H1 2018 results - July 20, 2018

Another semester of strong performance, with double-digit growth in all key financials

Sales: +10.9%* at €8,991m, 910bps above worldwide automotive production**

Operating income: +11.1% at €647m, margin up 40bps at 7.2% of sales

Net cash flow: +17.3% at €247m and Net income: +10.2% at €342m

113 new program flawless launches in H1

Order intake on track for another strong year

15 business awards & 20 pre-developments/co-developments for NVS

(New Value Spaces)

On track to exceed 30% of sales in China with Chinese OEMs in 2018

Continued deployment of technology strategy

Planned control of 100% of Parrot Automotive in H2 2018, ahead of initial schedule

Investment in Powersphyr, Promethient and Subpac (through Faurecia Ventures)

Strategic partnership with FAW Group, to develop Cockpit of the Future

and Sustainable Mobility technologies

FaureciaTech: 6 new divisions for NVS and 2 new technology platforms in Tel Aviv and Toronto

* At constant currencies ** Source: IHS forecast July 2018

4

Q2 2018 Sales

Confirmed strong performance with double-digit sales growth (ex-currency)

€4,342m

€4,677m

Q2 2017 Q2 2018

-4.6%

+12.4%

Currency effect Sales growth*

€(202)m

€537m

Vs. automotive

production

growth** of +3.8%

H1 2018 results - July 20, 2018 * At constant currencies ** Source: IHS forecast July 2018

Strong Q2 sales growth* of +12.4%, outperforming

worldwide automotive production growth** by 860bps

Excluding a negative currency effect of -4.6%, gradually

declining vs. the -6.7% effect recorded in Q1

Including €87m (or +2.0%) from bolt-ons

All three Business Groups posted solid growth*, above Q1

Seating: +10.1% vs. +7.5% in Q1

Interiors: +15.4% vs. +14.0 in Q1

Clean Mobility: +12.5% vs. +6.8% in Q1

Sales growth* significantly outperformed automotive

production in all regions

Europe: +12.7% vs. IHS@ +4.1% +860bps

North America: +8.1% vs. IHS@ -2.5% +1,060bps

Asia: +18.9% vs. IHS@ +6.1% +1,280bps

South America: +12.2% vs. IHS@ +10.2% +200bps

5

H1 2018 Results

Continued improvement in profitability leading to upgrade FY2018 guidance

Operating income up 11.1% to €647.2m

Improved operating margin at 7.2% of sales, up 40bps yoy

Improved margin in all Business Groups

Improved or stable margin in all regions

Net income up 10.2%, at €342.0m

€8,545m

€8,991m

H1 2017 H1 2018

-5.6%

+10.9%


€(483)m

€929m

Vs. automotive

production

growth** of +1.8%

€582.7m

€647.2m

H1 2017 H1 2018

Sales

6.8% of VA sales

+11.1%

or +40bps

Operating income

7.2% of VA sales

Strong H1 sales growth* of +10.9%, outperforming worldwide

automotive production growth** by 910bps

Excluding a negative currency effect of -5.6%


Strong sales growth* in all Business Groups and regions

Europe: +10.9%

North America: +6.2%

Asia: +17.0%

South America: +17.0%

Seating: +8.8%

Interiors: +14.7%

Clean Mobility: +9.7%

H1 2018 results - July 20, 2018 * At constant currencies ** Source: IHS forecast July 2018

6

Agenda




Patrick Koller


Michel Favre


Patrick Koller


H1 2018 results - July 20, 2018

7

Europe (53% of Group sales)

Double digit growth in sales* and operating income

€4,310m

€4,730m

H1 2017 H1 2018

-1.2%

+10.9%


€(51)m

€471m

Vs. automotive

production

growth** of +2.2%

€270.6m

€305.3m

H1 2017 H1 2018

Sales

6.3% of VA sales

+12.8%

or +20bps

Operating income

6.5% of VA sales

H1 2018 results - July 20, 2018

Sales of €4,730m, up 10.9%*

Excluding a limited negative currency effect of -1.2%

(mainly the GBP, RUB and TRY vs. the euro)

Including €19m (or +0.4%) from bolt-ons (Hug)

Outperformance of 870bps vs. European automotive

production growth (+2.2%**)

Main contributor to sales growth* was Seating, notably

with the successful PSA 3008 and 5008 models

Interiors was the second main contributor, mostly with PSA,

Ford, JLR and Volvo

Clean Mobility was driven by Ford and commercial vehicles

Operating income of €305.3m, up 12.8%

Operating margin up 20bps, to 6.5% of sales, thanks to sales

growth and improved industrial efficiency that more

than offset slight dilution from complete seat business


8

North America (25% of Group sales)

Strong performance in sales* and profitability

€2,351m

€2,232m

H1 2017 H1 2018

-11.3% +6.2%


€(264)m

€145m

Vs. automotive

production

growth** of -2.9%

€133.1m €135.4m

H1 2017 H1 2018

Sales

5.7% of VA sales

+1.7%

or +40bps

Operating income

6.1% of VA sales

H1 2018 results - July 20, 2018

Sales of €2,232m, up 6.2%*, despite a negative impact

from the fire disaster at the Meridian Magnesium plant in Q2

Excluding a strong negative currency effect of -11.3%

(mainly the USD vs. the euro)

Outperformance of 910bps vs. North American automotive

production growth (-2.9%**)

Sales growth* was driven by Interiors and Clean Mobility:

Interiors mostly attributable to FCA with the RAM new

models but also the gradual normalization of Tesla

Model 3 production

Clean Mobility also mostly attributable to FCA

with the RAM new models

Operating income of €135.4m, up 1.7%, despite sales drop

on a reported basis


growth and gradual improvement in industrial efficiency


9

Asia (17% of sales)

Strong sales* performance, supported by Chinese OEMs, and solid profitability

€1,375m

€1,543m

H1 2017 H1 2018

-4.8%

+17.0%


€(66)m

€234m

Vs. automotive

production

growth** of +2.8%

€159.3m

€179.7m

H1 2017 H1 2018

Sales

11.6% of VA sales

+12.8%

stable as % of sales

Operating income

11.6% of VA sales

H1 2018 results - July 20, 2018

Sales of €1,543m, up 17.0%*


(mainly the CNY vs. the euro)


(mostly the JVs with Wuling + Coagent)

Outperformance of 1,420bps vs. Asian automotive


In China, sales amounted to €1,169m, up 14.6%*

Sales in China represented 76% of the region’s sales

and 13% of Group sales

They continued to be driven by sales to Chinese OEMs,

which amounted to €289m, up 92%*, and represented 25%

of sales in China


Strong and stable operating margin at 11.6% of sales,

thanks to sales growth that offset slight dilution

(at the region’s level) from new JVs


10

South America (4% of Group sales)

Sales* growing twice as fast as market and strong improvement in profitability

€388m €363m

H1 2017 H1 2018

-23.4%


€(91)m

€6.0m

€11.8m

H1 2017 H1 2018

Sales

1.5% of VA sales

+97.7%

or +180bps

Operating income

3.3% of VA sales

+18.3%

+17.0%

€66m

Vs. automotive

production

growth** of +10.7%

H1 2018 results - July 20, 2018

Sales of €363m, up 17.0%*, despite the negative impact

of an 11-day truck driver strike in Q2

Excluding a strong negative currency effect of -23.4%

(mainly the BRL and the ARS vs. the euro)

Outperformance of 630bps vs. South American automotive


Continued sales growth momentum driven by market

recovery and increased sales to major OEMs

(mainly FCA, Ford and VW)


Continued recovery in operating margin from 1.5% of sales

in H1 2017 to 3.3% of sales in H1 2018, i.e. +180bps,

supported by significant reduction in Argentinean

operating loss


11

Seating (42% of Group sales)

Solid sales* growth and double-digit growth in operating income

€3,637m

€3,781m

H1 2017 H1 2018

-4.8%

+8.8%


€(176)m

€320m

Vs. automotive

production

growth** of +1.8%

€199.9m

€221.5m

H1 2017 H1 2018

Sales

5.5% of VA sales

+10.8%

or +40bps

Operating income

5.9% of VA sales

H1 2018 results - July 20, 2018

Sales of €3,781m, up 8.8%*


Including €50m (or +1.4%) from bolt-ons (JV with Wuling for Seating)

Outperformance of 700bps vs. worldwide automotive


Europe (+13.5%*), Asia (+23.2%*) and South America (+20.1%*)

grew by double-digits:

Increased volumes of successful PSA 3008 & 5008 and SOP

of production of Porsche Cayenne in Europe

Growth in Asia driven by Chinese OEMs and in South America by VW

North America (-9.6%*) continued, as expected, to reflect the

ramp-down in production of the Nissan Altima model and

Mercedes models (R-Class/ML/GL)



growth and improved operations in Asia and South America


12

Interiors (32% of Group sales)

Double-digit growth in sales* and operating income

€2,626m

€2,850m

H1 2017 H1 2018

-6.2%


€(163)m

€387m

Vs. automotive

production

growth** of +1.8%

€151.5m

€170.4m

H1 2017 H1 2018

Sales

5.8% of VA sales

+12.5%

or +20bps

Operating income

6.0% of VA sales

+14.7%

H1 2018 results - July 20, 2018

Sales of €2,850m, up 14.7%*


Including €75m (or +2.9%) from bolt-ons (JV with Wuling

for Interiors + Coagent)

Outperformance of 1,290bps vs. worldwide automotive


Europe (+9.8%*), North America (+22.5%*) and Asia (+23.4%*)

were the main contributors to sales growth

PSA (3008 & 5008), Ford (Expedition), JLR (Range Rover Velar

and Jaguar E-PACE) and Volvo contributed to European growth

RAM new models and Tesla Model 3 to North American

and Chinese OEMs to Asian

Sales in South America grew by double-digit (+13.1%*)



growth and strong operational performance in Europe


13

Clean Mobility (26% of Group sales)

Solid sales* growth and significant improvement in profitability

€2,283m €2,360m

H1 2017 H1 2018

+9.7%


€(144)m

€222m

Vs. automotive

production

growth** of +1.8%

€231.2m

€255.3m

H1 2017 H1 2018

Sales

10.1% of VA sales

+10.4%

or +70bps

Operating income

10.8% of VA sales

-6.3%

H1 2018 results - July 20, 2018



growth and improved industrial efficiency in all regions

Sales of €2,360m, up 9.7%*


Including €19m (or +0.8%) from bolt-ons (Hug)

Outperformance of 790bps vs. worldwide automotive


Europe (+7.0%*), North America (+12.6%*) and Asia (+8.2%*)

were the main contributors to sales growth

Europe: PSA (3008 & 5008), Ford and commercial vehicles (Deutz

trucks)

North America: FCA (RAM new models and Jeep Grand Wagoneer)

and commercial vehicles (Cummins)

Asia: mostly Chinese OEMs

Sales in South America grew by double-digit (+20.0%*)


14

Net income (Group share) up 10.2% to €342m

In €m H1 2017 H1 2018 Change

Sales

ex-currency growth

8,545.2

8,991.3

+5.2%

+10.9%

Operating income

as % of sales

582.7

6.8%

647.2

7.2%

+11.1%

+40bps

Amort. of intangible assets acquired in business combinations (0.0) (5.4)

Restructuring & Other non-recurring operating inc. and exp. (32.3) (63.8)

Net interest expense & other financial income and expenses (64.6) (68.4)

Pre-tax income of fully consolidated companies 485.8 509.7 +4.9%

Corporate income taxes

as % of pre-tax income

(144.3)

(29.7%)

(136.0)

(26.7%)

Net income before tax of fully consolidated companies 341.5 373.7 +9.4%

Share of net income of associates 18.4 16.8

Consolidated net income, before minority interest 359.9 390.5 +8.5%

Minority interest (49.5) (48.5)

Consolidated net income, Group share 310.4 342.0 +10.2%

Operating leverage of 14.5% on sales

Restructuring & Other non-recurring

operating income and expenses

of €63.8m in H1 2018 included:

€27.8m of restructuring

(vs. €29.3m in H1 2017)

€17.2m due to the wind-down

of activities in Iran, to comply

with the United-States decision

Net financial expenses of €68.4m in H1 2018

included €5.5m of one-offs due to refinancing

operations that took place during the half

(cf. slide 16)

Tax rate for the FY 2018 is expected

below 26%

H1 2018 results - July 20, 2018

15

Net cash flow up 17.3% to €247m

EBITDA up €90m or +9.2%, mainly reflecting profitability

Strict control of all items of WCR despite strong sales growth

Capex + Capitalized R&D at €584m vs. €508m in H1 2017,

reflecting a higher number of projects

Restructuring expected at below €100m in FY 2018

In €m H1 2017 H1 2018 Change

Operating income 582.7 647.2 +11.1%

Depreciation and amortization 388.4 413.6

EBITDA 971.1 1,060.8 +9.2%

Change in WCR 40.5 (18.7)

Capex (292.4) (278.3)

Capitalized R&D (215.9) (305.7)

Restructuring (56.3) (31.1)

Finance expenses (65.0) (52.4)

Taxes (117.4) (105.7)

Other (operational) (54.1) (22.0)

Net cash flow 210.5 247.0 +17.3%

Dividends paid (incl. mino.) (143.9) (164.0)

Share purchase (40.0) (4.6)

Net financial investments and Other (98.9) (92.1)

Change in net debt (72.3) (13.7)

Net debt at the beginning of the period 341.5 451.5

Net debt at the end of the period 413.8 465.2

H1 2018 results - July 20, 2018

Net cash flow representing 2.7% sales vs. 2.5% of sales

in H1 2017

16

Through recent refinancing operations, Faurecia continued to strengthen its financial structure

and flexibility, while extending debt maturity and improving economic conditions:

February/March: Issuance of €700m bonds @ 2.625% (maturity: June 2025, callable June 2021)

and anticipated repayment of the €700m bonds issued in 2015@ 3.125% (maturity: June 2022)

June: Improved conditions and extended maturity for the undrawn €1.2bn Syndicated Credit Facility,

from June 2021 to June 2023, with two optional one-year extensions

Over 70% of Faurecia’s gross debt is financed through the financial markets:

€700m bonds issued in June 2016, maturity June 2023 (callable June 2019) @ 3.625%

€700m bonds issued in February 2018, maturity June 2025 (callable June 2021) @ 2.625%

Average long-term cost of financing below 3%

No significant long-term debt repayment before June 2023

Strong financial flexibility through the undrawn €1.2bn syndicated credit facility

Continued strengthening of financial structure

H1 2018 results - July 20, 2018

17

Agenda




Patrick Koller


Michel Favre


Patrick Koller


H1 2018 results - July 20, 2018

Our expectation for worldwide automotive production growth remains of at least +2%, in line with latest IHS data**

Based on our strong year-on-year performance in H1 and expectation of continuous improvement

in year-on-year performance in H2, we upgrade our guidance for the full-year 2018:

Upgraded FY 2018 guidance

18 H1 2018 results - July 20, 2018

* At constant currencies ** Source IHS forecast July 2018: +2.3%

Sales Operating margin Net cash flow Earnings per share

Above 7% of sales Above €500m €5.00

At least +7%*

or at least 500bps

above worldwide

automotive production

At least +8%* or at least 600bps

above worldwide


At least 7.2% of sales Above €500m Above €5.00

Initial FY 2018 guidance,

dated February 2018

New FY 2018 guidance

FY 2018 main currency assumptions: USD/€ @ 1.20 on average

CNY/€ @ 7.75 on average

7% of sales Above €500m €5.00

2016-2018 CAGR of +6%*

or at least 400bps

above worldwide


2018 medium-term

guidance, dated April 2016

19

At our recent Capital Markets Day (held in Paris on May 15), we announced our 2020 financial targets,

confirming Faurecia’s strong potential for value creation

All details and presentations are available on www.faurecia.com

Net Cash Flow

target

4% of sales

Operating Margin

target

8% of sales

Sales target

> €20bn

On track to achieve our medium-term financial targets

2020 FINANCIAL TARGETS

H1 2018 results - July 20, 2018

20

H1 2018 RESULTS

Appendices

21 21

IMPACT FROM IFRS15 IMPLEMENTATION

In 2017, Faurecia had already partly anticipated IFRS15 through the presentation of sales

as "Value-added sales", i.e. "Total sales" minus "Monoliths", for which Faurecia operates as an agent

In addition, as from January 1, 2018, with the implementation of IFRS15:

Revenue from Tooling is recognized at the transfer of control to the customer

(PPAP = Production Part Approval Process), shortly before serial production

Development costs are recognized as set-up costs for the serial parts production

and the corresponding revenue is included in product sales

A table in appendix indicates 2017:

Sales figures by quarter/region/business group restated for the IFRS15 implementation

Operating income by half/region/business group restated for the IFRS15 implementation

Impacts are not material

IMPACT FROM RECENT INVESTMENTS

In H1 2018, sales contribution from bolt-ons amounted to €144m or 1.7% of H1 2017 sales, including:

JV with Wuling for €50m in Seating (€23m in Q1 + €27m in Q2)

Coagent for €54m in Interiors (€34m in Q1 + €20m in Q2)

JV with Wuling for €14m in Interiors (only in Q2)

Hug for €19m in Clean Mobility (only in Q2)

H1 2018 Results - Key Facts

H1 2018 results - July 20, 2018

22 22

2017 sales restated for IFRS15 implementation (1/2)

As reported during the fiscal year 2017 (in €m) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017

Product sales 3,917.7 3,893.3 3,474.9 3,986.5 15,272.4

R&D and Tooling 308.1 465.5 315.4 600.8 1,689.9

Value-added sales 4,225.8 4,358.8 3,790.3 4,587.3 16,962.2

Monoliths 865.9 844.1 728.9 780.4 3,219.4

Total sales 5,091.7 5,203.0 4,519.2 5,367.7 20,181.7

IFRS15 proforma (in €m) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017

Product sales 4,028.6 4,031.5 3,585.2 4,125.9 15,771.3

Tooling and Prototypes 174.6 310.5 203.7 502.1 1,190.9

Sales 4,203.2 4,342.0 3,788.9 4,628.0 16,962.1

Restatements by quarter (in €m) Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017

Sales (22.7) (16.8) (1.4) 40.7 (0.1)

2017 SALES RESTATED FOR IFRS15 IMPLEMENTATION AT GROUP LEVEL

H1 2018 results - July 20, 2018

23 23

2017 sales restated for IFRS15 implementation (2/2)


Seating 1,786.6 1,850.1 1,611.5 1,881.0 7,129.2

Interiors 1,297.9 1,327.7 1,173.6 1,568.1 5,367.4

Clean Mobility 1,118.7 1,164.1 1,003.8 1,178.9 4,465.5

Sales 4,203.2 4,342.0 3,788.9 4,628.0 16,962.1


Europe 2,108.0 2,202.3 1,833.9 2,358.6 8,502.8

North America 1,177.2 1,173.9 984.1 1,137.9 4,473.2

Asia 688.5 686.4 697.6 860.4 2,932.9

of which China 537.8 519.1 532.0 653.7 2,242.6

South America 169.1 219.0 201.7 203.9 793.7

Rest of World 60.3 60.4 71.7 67.2 259.6

Sales 4,203.2 4,342.0 3,788.9 4,628.0 16,962.1

2017 SALES RESTATED FOR IFRS15 IMPLEMENTATION BY REGION & BUSINESS GROUP

H1 2018 results - July 20, 2018

24 24

2017 operating income restated for IFRS15 implementation

2017 OPERATING INCOME RESTATED FOR IFRS15 IMPLEMENTATION BY REGION & BUSINESS GROUP

Operating income (in €m) As initially reported IFRS 15 proforma

H1 2017 H2 2017 FY 2017 H1 2017 H2 2017 FY 2017

Seating 202.7 208.2 410.9 199.9 204.5 404.4

Interiors 152.4 147.4 299.7 151.5 148.3 299.8

Clean Mobility 231.6 228.1 459.7 231.2 222.2 453.4

Group 586.7 583.6 1,170.3 582.7 574.9 1,157.6

Operating income (in €m) As initially reported IFRS 15 proforma

H1 2017 H2 2017 FY 2017 H1 2017 H2 2017 FY 2017

Europe 266.0 261.1 527.0 270.6 253.4 524.0

North America 141.1 116.5 257.6 133.1 116.5 249.6

Asia 159.8 182.0 341.8 159.3 179.8 339.1

South America 5.9 5.7 11.6 6.0 6.8 12.8

Rest of World 13.9 18.3 32.2 13.7 18.3 32.0

Group 586.7 583.6 1,170.3 582.7 574.9 1,157.6

H1 2018 results - July 20, 2018

25 25

H1 2018 sales by Business Group

Sales (in €m) Reported Currency effect Growth ex-currencies Reported

H1 2017 Value % Value % H1 2018 %

Seating 3,636.7 (175.9) -4.8% 320.7 +8.8% 3,781.5 +4.0%

of which bolt-ons 50.1 1.4%

Interiors 2,625.7 (162.8) -6.2% 386.6 +14.7% 2,849.5 +8.5%


Clean Mobility 2,282.8 (144.1) -6.3% 221.6 +9.7% 2,360.3 +3.4%


Group 8,545.2 (482.7) -5.6% 982.8 10.9% 8,991.3 +5.2%


H1 2018 results - July 20, 2018

26 26

H1 2018 sales by region

Sales (in €m) Reported Currency effect Growth ex-currencies Reported

H1 2017 value % value % H1 2018 %

Europe 4,310.3 (51.2) -1.2% 471.0 +10.9% 4,730.1 +9.7%


North America 2,351.2 (264.5) -11.3% 145.3 +6.2% 2,232.0 -5.1%

Asia 1,374.9 (66.3) -4.8% 234.2 +17.0% 1,542.8 +12.2%

of which China 1,056.9 (42.1) -4.0% 154.2 +14.6% 1,169.0 +10.6%


South America 388.1 (90.7) -23.4% 66.0 +17.0% 363.4 -6.4%

Rest of World 120.7 (9.9) -8.2% 12.2 +10.1% 123.0 +1.9%

Group 8,545.2 (482.7) -5.6% 928.8 +10.9% 8,991.3 +5.2%


H1 2018 results - July 20, 2018

27 27

H1 2018 bolt-on contribution to sales

H1 2018 results - July 20, 2018

Sales (in €m) Business Group Region Q1 2018 Q2 2018 H1 2018

JV with Wuling Seating Asia 23.1 27.0 50.1

JV with Wuling Interiors Asia 13.7 13.7

Coagent Interiors Asia 33.7 20.2 53.9

Hug Engineering Clean Mobility Europe 18.8 18.8

Other Interiors Asia 7.3 7.3

TOTAL 56.8 87.0 143.8

28 28

H1 2018 operating income by Business Group

Operating income (in €m) H1 2017 H1 2018 Change

Seating 199.9 221.5 +10.8%

% of sales 5.5% 5.9% +40bps

Interiors 151.5 170.4 +12.5%

% of sales 5.8% 6.0% +20bps

Clean Mobility 231.2 255.3 +10.4%

% of sales 10.1% 10.8% +70bps

Group 582.7 647.2 +11.1%

% of sales 6.8% 7.2% +40bps

H1 2018 results - July 20, 2018

29 29

H1 2018 operating income by region

Operating income (in €m) H1 2017 H1 2018 Change

Europe 270.6 305.3 +12.8%

% of sales 6.3% 6.5% +20bps

North America 133.1 135.4 +1.7%

% of sales 5.7% 6.1% +40bps

Asia 159.3 179.7 +12.8%

% of sales 11.6% 11.6% stable

South America 6.0 11.8 +96.7%

% of sales 1.5% 3.3% +180bps

Rest of World 13.7 15.0 +9.5%

% of sales 11.4% 12.2% +80bps

Group 582.7 647.2 +11.1%

% of sales 6.8% 7.2% +40bps

H1 2018 results - July 20, 2018

30 30

Calendar

October 4-14, 2018

Presence at the Paris Mondial de l’Auto

October 11, 2018

Q3 sales announcement

(before market hours)

September 13 & 14, 2018

Kepler Cheuvreux 2018

Autumn Conference (Paris)

October 3, 2018

Credit Suisse 2018

Paris Auto Show Conference (Paris)

H1 2018 results - July 20, 2018

31 31

Contact & share data

Investor Relations

Marc MAILLET 2, rue Hennape 92735 Nanterre France

Tel: +33 1 72 36 75 70 Fax: +33 1 72 36 70 30

E-mail: [email protected]

Web site: www.faurecia.com

Share Data Bloomberg Ticker: EO:FP Reuters Ticker: EPED.PA Datastream: F:BERT ISIN Code: FR0000121147

Bonds ISIN Codes 2022 bonds : XS1204116088

2023 bonds : XS1384278203

H1 2018 results - July 20, 2018

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Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements. The words "will,"

"may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates" and similar

expressions identify these forward-looking statements. All such statements are based upon our current

expectations and various assumptions, and apply only as of the date of this report.

Our expectations and beliefs are expressed in good faith and we believe there is a reasonable basis for them.

However, there can be no assurance that forward-looking statements will materialize or prove to be correct.

Because such statements involve risks and uncertainties such as automotive vehicle production levels, mix and

schedules, financial distress of key customers, energy prices, raw material prices, the strength of the European or

other economies, currency exchange rates, cancellation of or changes to commercial contracts, liquidity, the

ability to execute on restructuring actions according to anticipated timelines and costs, the outcome could differ

materially from those set out in the statements.

Except for our ongoing obligation to disclose information under law, we undertake no obligation to update

publicity any forward-looking statements whether as a result of new information or future events.

H1 2018 results - July 20, 2018

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July 20, 2018 H1 2018 RESULTS - faurecia.com©sultats... · and 13% of Group sales They continued...

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